Mahindra KUV100 NXT Car Loan EMI Calculator

₹ 10,258.
Here is how - Mahindra KUV100 NXT price starts from ₹ 5,68,653 in Kolkata. If you pay a down payment of ₹ 62,743 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 10,258.

The cheapest KUV100 NXT model is K2 6 STR which is priced at ₹ 5,68,653 in Kolkata. You will need to pay at least a ₹ 62,743 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for KUV100 NXT.

Version	On-road price in Kolkata	Max Loan
K2 6 STR	₹ 5,68,653	₹ 5,05,910
K2 Plus 6 STR [2017-2020]	₹ 6,12,410	₹ 5,46,536
K4 Plus 6 STR [2017-2020]	₹ 6,62,034	₹ 5,92,609
K6 Plus 6 STR [2017-2020]	₹ 7,50,015	₹ 6,74,293
K8 6 STR [2017-2020]	₹ 7,86,214	₹ 7,07,902
K2 D 6 STR	₹ 6,79,391	₹ 6,08,723
K2 Plus D 6 STR	₹ 7,06,252	₹ 6,33,662
K4 Plus D 6 STR	₹ 7,59,114	₹ 6,82,740
K6 Plus D 6 STR	₹ 8,51,987	₹ 7,68,967
K8 D 6 STR	₹ 8,88,396	₹ 8,02,771
K4 Plus 5 STR	₹ 6,57,960	₹ 5,86,213
K6 Plus 5 STR	₹ 7,47,165	₹ 6,67,918
K8 5 STR	₹ 7,83,860	₹ 7,01,527
K8 6 STR Dual Tone [2017-2020]	₹ 7,94,287	₹ 7,15,397
K4 Plus D 5 STR	₹ 7,56,316	₹ 6,76,300
K6 Plus D 5 STR	₹ 8,50,482	₹ 7,62,548
K8 D 5 STR	₹ 8,87,388	₹ 7,96,351
K8 D 6 STR Dual Tone	₹ 8,90,570	₹ 8,10,267
K2 Plus 6 STR	₹ 7,40,283	₹ 6,32,705
K4 Plus 6 STR	₹ 7,94,265	₹ 6,80,190
K6 Plus 6 STR	₹ 8,65,283	₹ 7,50,879
K8 6 STR	₹ 9,29,219	₹ 7,98,904
K8 6 STR Dual Tone	₹ 9,40,729	₹ 8,06,390

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for KUV100 NXT K2 6 STR will be ₹ 8,863 but you will have to pay interest of ₹ 2,38,582 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 17,820, but your interest payment will be only ₹ 1,35,610 over the 3 years period.

₹ 10,258
Mahindra KUV100 NXT price starts from ₹ 5,68,653 in Kolkata.

We have considered
Down-payement : ₹ 62,743
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy KUV100 NXT with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,90,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of KUV100 NXT starts from ₹ 5.69 Lakh, you can get a loan with an annual income as low as ₹ 1.90 lakh.

Here are the most important things you should consider while getting a car loan for a new KUV100 NXT

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.